The Providence Service Corporation (PRSC) Issues Quarterly Earnings Results
The Providence Service Corporation (NASDAQ:PRSC) posted its quarterly earnings data on Tuesday. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01, Bloomberg Earnings reports. The Providence Service Corporation had a net margin of 4.11% and a return on equity of 6.94%. The firm had revenue of $409.50 million for the quarter, compared to analysts’ expectations of $407.00 million. During the same period in the previous year, the company posted $0.35 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year.
Shares of The Providence Service Corporation (NASDAQ PRSC) traded down $0.61 during trading hours on Tuesday, hitting $54.13. 29,944 shares of the company’s stock were exchanged, compared to its average volume of 34,019. The firm has a market cap of $752.18, a price-to-earnings ratio of 41.27, a P/E/G ratio of 3.27 and a beta of 0.81. The Providence Service Corporation has a 52 week low of $34.88 and a 52 week high of $57.62.
A number of brokerages have issued reports on PRSC. Barrington Research lifted their target price on shares of The Providence Service Corporation from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th. ValuEngine raised shares of The Providence Service Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, BidaskClub lowered shares of The Providence Service Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.
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About The Providence Service Corporation
The Providence Service Corporation (Providence) is a holding company. The Company, through its subsidiaries, is engaged in the provision of healthcare and workforce development services for public and private sector entities. The Company’s segments include Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Matrix Investment.
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